BMO Capital raised the firm’s price target on ServiceNow (NOW) to $1,150 from $1,025 and keeps an Outperform rating on the shares. The company’s ongoing portfolio deepening and expansions will help support AI/Plus SKU adoption, sustain upsell and cross sell, as well as revenue growth rates, the analyst tells investors in a research note. BMO adds that the firm’s partner conversations at Knowledge 25 were positive on Plus adoption and pricing lift.
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